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Nanoveu (ASX:NVU) - Executive Chairman & CEO, Alfred Chong
Executive Chairman & CEO, Alfred Chong
Source: MacVoicesTV
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  • Nanoveu (NVU) has signed an agreement with a major Thai telecomms provider to deploy its Customskins laminating machines in Thailand
  • These machines are capable of precisely applying phone screen protectors to various mobile devices in a little over a minute
  • Two machines will initially be deployed in high traffic areas for a 60-day period to test for customer demand
  • If these machines are successful, they will move to full commercial deployment
  • This agreement is for a 12-month period and can be renewed annually, and can also be terminated with 30 days notice
  • Nanoveu has ended the day a slight 2.9 per cent in the red with shares trading for 6.7 cents each

Nanoveu (NVU) has signed an agreement with a major Thai telecommunications provider to deploy its Customskins laminating machines in Thailand.

These machines are capable of precisely applying phone screen protectors to various mobile devices in a little over a minute.

These machines have eliminated the challenging process of manually applying screen protectors.

This agreement has been made with a subsidiary of Advanced Info Service (AIS), which is one of Thailand’s largest telecommunications network providers.

Two Customskins machines will initially be deployed in high traffic areas for a 60-day period to test customer demand, and if successful, the machines will move to full commercial deployment.

Revenue from these machines will be shared between Nanoveu and AIS.

This agreement is for a 12-month period and can be renewed annually. It can also be terminated by providing 30 days notice.

“The deployment of The Customskins machines is a major milestone for Nanoveu, representing the first commercial activity for the screen application device,” Executive Chairman and CEO Alfred Chong said.

“The Thai telecommunications market is an ideal location to commence our initial trials, with the market consisting of millions of mobile device users and continually strong mobile device uptake. Thailand is also in close proximity to our existing Asian operations ensuring further supply chain synergies,” he added.

Nanoveu has ended the day a slight 2.9 per cent in the red with shares trading for 6.7 cents each in a $9.144 million market cap.

NVU by the numbers
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